The global demand for Patient Lateral Transfer Devices Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Units in 2021 and foreseen to touch XX Units by 2027 with a CAGR of XX% during 2021-2027.
Lateral transfer device is a motorised mechanical lifting device that turns the bed into a kind of sling. It is used to move patients between two surfaces such as transferring patient from stretcher to bed, a bed to stretcher, or bed to wheelchair, etc. These are used to avoid injuries and risk to patients, provide better transfer assistance to the patient and at the same time minimize the efforts by caregivers.
The rise in the number of caregivers suffering from Musculoskeletal Disorders (MSDs) is driving the demand. Lateral transfer device facilitates client rehabilitation, decreases morbidity, and preserves the dignity of the patient. Compared with manual techniques, the use of lateral transfer devices lessens the forces required for moving and handling clients and reduces the risks. Growing hospitality owing to rising diseases and older adults will be fuelling the demand over the forecast period. The need for improved safety amongst nurses and caregivers is responsible for the rising demand for high-tech lateral transfer devices that help prevent pressure ulcers, skin abrasions and bruising. Meanwhile, the cost of the device remained a major barrier for growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of patient lateral transfer devices.
The entire patient lateral transfer devices market has been sub-categorized into product, material and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Air Assisted Transfer Device
- Slide Sheets
- Transfer Accessories
By End User
- Single Patient Use
- Ambulatory Surgical Centers
This section covers regional segmentation which accentuates on current and future demand for patient lateral transfer devices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Patient Lateral Transfer Devices Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the patient lateral transfer devices market include Getinge AB, Hovertech International, Airpal, Inc., Stryker Corporation, Sizewise. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.